Illumina (ILMN) Q4 Earnings Surpass Estimates, Margin Down

Illumina Inc. (ILMN) reported fourth-quarter 2023 adjusted earnings per share (EPS) of 14 cents, beating the Zacks Consensus Estimate of 1 cent by a considerable margin. The bottom line matched the year-ago quarter’s figure.The adjustments exclude the impact of GRAIL pre-acquisition net operating losses on GILTI, the utilization of U.S. foreign tax credits and incremental non-GAAP tax expenses, among others. Including one-time items, the company’sGAAP loss per share was $1.11 compared with the year-ago quar ...